DOT/USDT Weekly Analysis:
Testing Multi Year Descending Trendline
DOT/USDT is trading at 1.370 after a long grind lower from the 11.889 high. The weekly chart shows price has been capped by a descending trendline since late 2021, and right now it’s testing that line again.
Price bounced from the 0.633 low and has been building higher lows since. The red zone around 3.00-3.50 was former support that flipped to resistance, and it aligns with the descending trendline. That makes this area a major decision point.
If DOT can break and hold above the trendline on a weekly close, it would signal the first structural shift in years. That would open targets at 2.547 and then 5.023. Until that happens, the trend remains down.
On the downside, 0.633 remains the key invalidation level. As long as higher lows hold above it, buyers are still in control of the short-term structure.
This is a classic make or break setup. A rejection here likely means more sideways to down action. A breakout would be the first real sign of a trend reversal for DOT.
#DOTUSDT $DOT Trade from here before DYOR 👇